Not worth investing in property

[impala67]

...I have lost my passion for property and no longer believe you can make a return from buy and hold...

 

[spludgey]

Got my bill today. $245.

 

[Deltaberry]

In our case, land tax wasn't an issue for many years. Once UCV goes through the roof, suddenly land tax raises its ugly head.

Moving properties into another entity is one way of getting around it. This will cost money but the savings can make it worth investigating.

Moving to another entity or into wife's name will mean paying capital gains tax and transfer duty, but capital gains tax base figure is then reset for the wife, and transfer duty might be worth paying once in order to save thousands per year. In two or three years, you could be ahead.

Yes. Lately I've always used trusts/advised my consortiums to use trust. Even though we pay a few k more, it saves everyone the hassle.

My folks structured their things poorly, pay at least $200k more land taxes than they need to.

 

[The Y-man]

That's the thing - I've only been investing for 5 years and yet to experience a bloody boom or real growth. All my properties are in good locations, 15km to CBD, walking distance to transport, etc. I think I have a while yet to experience growth with all these job losses and factories closing.

Hodge,

See my posts (esp #10) in
http://somersoft.com/forums/showthread.php?p=1130801#post1130801

The Y-man

 

[mrdobalina]

Boomerangs have a higher yield.